The basic definition of a buyer’s market is when more people want to sell than buy. There are a number of common factors that contribute to a buyer’s market. Excessive inventory in the market generally causes prices to drop which usually sparks a buyer’s market. Low interest rates intriguing buyers to purchase also adds fuel to the fire.
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| Term | Rate |
|
PRIME |
3.00% |
|
Variable |
2.79% |
|
1 Year |
2.89% |
|
3 Year |
2.99% |
|
4 Year |
3.19% |
|
5 Year |
3.29% |
|
10 Year |
3.99% |